The transfer of property from one person to another is called conveyancing. As with all purchases, a buyer has to be beware. As purchasing property is a long term investment you must be aware of any long term legal issues or financial consequences to your purchase.

It is then quite important to have a general idea of the property purchase process. The Property Purchasing Process generally follows the following order:

Find a suitable property to purchase.

Negotiate and agree on the price with the vendor or real estate agent.

Receive and Review Contract of Sale.

Conduct pre-exchange searches such as building and pest inspections or strata inspections.

Sign and exchange the contract, and pay the deposit.

Wait for the cooling-off period to expire.

Conduct Post-Exchange Due Diligence Searches and prepare for Settlement

Attend Settlement.

Move In.

This process is a general guide only and may not apply to your specific situation – each property transaction is a little different. For instance, a vendor may insist that the purchaser waives their cooling-off rights if the purchaser has had the opportunity to conduct pre-property searches.

While it may initially seem daunting and complicated, we at Phang Legal can guide you through the whole process and put your mind at ease.

While it is possible to carry out the property purchase process on your own or with the assistance of conveyancing kits, you may want to free yourself from the stress of this procedure by obtaining processional assistance. At Phang Legal, we can alert you to the presence of unfavourable terms in the contract or identify issues raised in the due diligence searches. We at Phang Legal can provide you with peace of mind when going through your transaction.

Conveyancing Enquiry

For more information on our conveyancing services and quotes on our professional fees, please request a Conveyancing Fees quote. One of our experienced property lawyers will contact you to explore how we can assist you with your property transaction.

Kenneth TiAssociate Solicitor - Phang Legal

This website is supported by Phang Legal, a law firm in Parramatta providing fixed fee conveyancing services across Sydney and New South Wales. Kenneth Ti is an associate solicitor with Phang Legal.

When looking to purchase a home you must always firstly be happy with what you are looking to buy. However, there are a number of things you have to watch out for. It is quite common for a Contract of Sale to essentially state, ‘What you see is what you get’.

As the purchaser, you must double check the information on the Contract and to check any information left out of the Contract. The Contract of Sale may disclose a number of things about the property you are looking at, and a solicitor or conveyancer may help you with interpreting the Contract and telling you what is contained in the contract.

A solicitor or conveyancer can only interpret what the Contract says and may not be able to help you with physical aspects of the property, such as the buildings on the property or the boundaries of the property. For example, while the Contract may state the boundaries of the property that you are purchasing, there is no way to know for certain unless a property survey is carried out on the land. Other examples are improvements to the buildings on the property, unauthorised additions to the building, or even termite damage to the building.

Surveys and pre-purchase building and pest inspections may reveal some of the matters or defects with the property that are not disclosed on the Contract. Another option is to purchase Title Insurance, which may compensate for repairs to the property as a result of matters not properly disclosed in the Contract.

At the end of the day however, you must be happy with what you buy – so make sure you know what you are buying into!

Conveyancing Enquiry

For more information on our conveyancing services and quotes on our professional fees, please request a Conveyancing Fees quote. One of our experienced property lawyers will contact you to explore how we can assist you with your property transaction.

Kenneth TiAssociate Solicitor - Phang Legal

This website is supported by Phang Legal, a law firm in Parramatta providing fixed fee conveyancing services across Sydney and New South Wales. Kenneth Ti is an associate solicitor with Phang Legal.

Phang Legal is a boutique law firm based in the Parramatta CBD, the geographic centre of Sydney and the sixth largest CBD in Australia.

We provide professional legal services in a wide range of areas focusing on property law and conveyancing, commercial transactions, corporate compliance, small claims litigation, estates and elders law. We are also able to offer the services of a notary public. In recent years, we have also expanded to include practice areas such as criminal law and family law.

Our clients are generally individuals, small businesses and companies, and not for profit, NFP organisations located within the Sydney metropolitan area, other parts of New South Wales and interstate. We also assist overseas clients with their local business interests.

Our clients receive a high level of professional legal services at a competitive rate. We offer practical and cost effective solutions for your peace of mind and satisfaction. We take pride in offering professional legal services that touch the lives of others, and positively influence the community around us. It is our pleasure to serve people and serve the community.

Phang Legal Pty Limited was incorporated in 2002. Registered with the Law Society of New South Wales as an incorporated legal practice, Phang Legal embodies the sole legal practice founded by its solicitor director, Mr Ern Phang.

Ern Phang was admitted as a legal practitioner in New South Wales in 1998. In 2002, he established a sole legal practice in the Sydney CBD. Initially servicing small business in commercial and insurance litigation, growth in the number of clients based in the suburbs of Sydney encouraged restructuring later that year and a strategic and physical move to the Parramatta CBD – the geographical centre of the Sydney and the future site of the NSW Government $230 million Parramatta Justice Precinct.

Phang Legal continues to provide the same level of seamless service and client satisfaction that Ern Phang has been known to provide to his clients over the years. The success of the past is only the prologue for the future ahead.

Our mission is to serve people and serve the community through providing quality professional legal services. We ensure total client satisfaction by providing practical and cost effective solutions, and we treat every client as though they were our only client. We understand and appreciate that our continued success relies on the trust and support of our clients.

We dedicate ourselves to serving the community to the best of our ability, and to advise, apply and represent the law for the greater good. Our satisfaction comes from making a positive difference. Continued dedication and quality service to clients and the community – Phang Legal.

Conveyancing Enquiry

For more information on our conveyancing services and quotes on our professional fees, please request a Conveyancing Fees quote. One of our experienced property lawyers will contact you to explore how we can assist you with your property transaction.